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Belize gets US $10 Million loan for SIF

Posted: Sunday, December 11, 2016. 2:41 pm CST.

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By BBN Staff: The Social Investment Fund (SIF) is the latest benefactor of a US $10 million dollar loan from the Caribbean Development Bank (CDB).

According to reports, the loan is to allow for SIF to extend it services.

Those services include the financing of social and economic infrastructure, social services and organizational strengthening sub-projects in poor rural communities.

According to the CDB, this loan aims to support the achievement key outcomes: increased gender-equitability, inclusive access to climate-resilient infrastructure and quality basic social services in poor and vulnerable communities.

The cost of this rural project is estimated around US$12.5 million. However, the Government of Belize will be providing US$2.5 million towards the project.

The Belize Social Investment Fund (BSIF) was established in 1996 for promoting, appraising, financing and supervising the implementation of small and medium-sized sub-projects designed to benefit underserved communities.

 

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